Commenting on the report, an analyst said: "The latest trend gaining momentum in the market is the developments in automotive brake pad manufacturing."

According to the report, one of the major drivers for this market is the stringent regulations on automotive braking system.

Further, the report states that one of the major factors hindering the growth of this market is the environmental impact and health hazards associated with the use of asbestos brake linings.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.